Companies that fail to innovate risk operating inefficiently, financial losses and losing ground to competitors. Innovation helps companies discover, respond to and capitalize on current opportunities. Below explains 5 unique innovations that make business management easier.
Collaborate Consumer Insight
Oracleâs RightNow is an online platform that allows a company to connect with customers in order to refine ideas and identify new business opportunities. It works through creating online communities where customers can share experiences, submit ideas and provide feedback. This biggest advantage is that companies can reduce R&D costs while creating an online customer community.